DGAP-News

Fair Value REIT-AG welcomes new major shareholder and aims for significant growth

DGAP-News: Fair Value REIT-AG / Key word(s): Miscellaneous
Fair Value REIT-AG welcomes new major shareholder and aims for
significant growth

17.12.2014 / 09:40

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Fair Value REIT-AG welcomes new major shareholder and aims for significant
growth

- H.F.S. sells to Obotritia Capital

Munich, December 17, 2014 - Yesterday H.F.S. secondary market funds
(H.F.S.) managed by WealthCap, sold indirectly-held blocks of shares
totalling around 29.5% of voting rights in Fair Value REIT-AG.

The shares have been acquired by three special-purpose vehicles fully
controlled by Obotritia Capital. Obotritia Capital announced on December
16, 2014 that it holds a total of 29.98% of Fair Value REIT-AG's voting
rights. The Potsdam domiciled company has been newly founded by Rolf
Elgeti, former CEO and new Supervisory Board Chairman of TAG Immobilien AG.

With this step both previous anchor shareholders IC Immobilien Holding AG
("IC") and H.F.S., as well as the Management Board of Fair Value REIT-AG
have achieved their objectives to realign Fair Value's shareholder
structure.

IC Immobilien Holding AG had already reduced its participation in Fair
Value from 18% to just under 7.5% through continuous trading on the stock
market during the course of September 2014. As of November 27, 2014 IC held
less than 2% of the voting rights in Fair Value, according to its voting
rights declaration.

"We welcome Obotritia Capital as new major shareholder in Fair Value
REIT-AG, and we are pleased that we have been able to convince Obotritia of
Fair Value's significant value accretion potential. This investment marks
the beginning of a new era in our company's history," Frank Schaich (CEO)
explained.

After several years of portfolio optimization and successful divestments of
individual non-strategic properties, Fair Value REIT-AG is now heading
towards sustainable growth via acquisitions. "We see our new anchor
shareholder as catalyst for our future growth strategy. Obotritia's
participation in Fair Value should allow us to deploy our core competencies
and potentials even better in the future. We are looking forward to a
successful cooperation with our new shareholder," Frank Schaich added.

According to the understanding of the Management Board, Obotritia Capital
plans a medium- to long-term investment in Fair Value, and has not stated
any intentions to take over the company. Further, Fair Value's Management
Board assumes that the new major shareholder is going to extensively